Jim Chalmers (Rankin, Australian Labor Party, Shadow Treasurer) Share this | Link to this | Hansard source

My question is to the Treasurer. Did average wages growth get better or worse in the six years since the Liberal government last froze the superannuation guarantee?

Josh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Link to this | Hansard source

Mr Speaker, I can inform him that under the coalition we have seen the real minimum wage increase, whereas under the Labor Party we saw the real minimum wage decrease in three out of the last six years. What we have seen with wages growth is around the 20-year average of 0.7 per cent.

But if the member for Rankin is referring to wages growth and also superannuation, he should look at the comments by the Governor of the Reserve Bank, who pointed out very clearly that when it comes to increases in superannuation it is a trade-off with wages. We are looking to get more Australians into work and that's how we'll increase their wages.